Mechanics Bancorp (MCHB)

Mechanics Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	509.97	528.51	602.87	551.3	553.87	529.95
Interest Income on Investments	226.39	207.2	116.09	99.78	78.21	81.4
Total Interest Income	736.36	735.72	718.96	651.07	632.07	611.36
Interest Paid on Deposits	192.48	189.26	119.44	16.27	9.55	34.72
Interest Paid on Borrowings	18.03	27.29	36.31	3.57	1.37	1.4
Total Interest Expense	210.52	216.55	155.75	19.84	10.92	36.12
Net Interest Income	525.85	519.17	563.21	631.23	621.16	575.24
Net Interest Income Growth (YoY)	-15.34%	-7.82%	-10.78%	1.62%	7.98%	55.90%
Trust Income	12.86	12.32	9.64	9.71	10.3	9.85
Gain (Loss) on Sale of Investments	0	-207.2	-	-11.23	-	-
Other Non-Interest Income	30.78	32.11	39.63	39.46	36.79	38.17
Total Non-Interest Income	66.89	-139.12	74.23	63.73	70.92	72.24
Non-Interest Income Growth (YoY)	-5.67%	-	16.47%	-10.13%	-1.82%	18.62%
Revenues Before Loan Losses	592.74	380.05	637.44	694.97	692.08	647.47
Provision for Loan Losses	-4.71	-1.51	0.75	26.63	21.22	114.74
Revenue	597.46	381.56	636.69	668.34	670.86	532.73
Revenue Growth (YoY)	-10.94%	-40.07%	-4.74%	-0.38%	25.93%	35.02%
Salaries and Employee Benefits	188.27	190.94	200.75	205.82	221.86	229.95
Federal Deposit Insurance	-0.66	14.63	9.23	6.09	-	-
Amortization of Goodwill & Intangibles	12.43	13.45	17.32	20.67	24.28	26.92
Selling, General & Administrative	55.52	89.5	91.96	96.66	61.98	70.87
Other Non-Interest Expense	84.97	34.84	39.56	37.14	76.78	101.5
Total Non-Interest Expense	342.91	345.86	358.75	366.21	384.91	429.24
EBT Excluding Unusual Items	254.55	35.7	277.94	302.13	285.95	103.49
Asset Writedown	-	-	-	-	-	-1.46
Pretax Income	254.55	35.7	277.94	302.13	285.95	102.03
Income Tax Expense	68.47	6.7	76.03	85.55	79.94	8.56
Net Income	186.08	29	201.91	216.58	206.01	93.46
Net Income to Common	186.08	29	201.91	216.58	206.01	93.46
Net Income Growth	-9.67%	-85.64%	-6.77%	5.13%	120.42%	61.91%
Basic Shares Outstanding	212	212	212	212	212	212
Diluted Shares Outstanding	212	212	212	212	212	212
Shares Change (YoY)	0.03%	-0.05%	0.02%	0.08%	-	59.84%
EPS (Basic)	0.88	0.14	0.95	1.02	0.97	0.44
EPS (Diluted)	0.88	0.14	0.95	1.02	0.97	0.44
EPS Growth	-9.69%	-85.63%	-6.79%	5.05%	120.42%	1.29%
Dividend Per Share	0.141	0.448	0.499	1.109	0.245	-
Dividend Growth	-42.38%	-10.26%	-54.97%	351.79%	-	-
Effective Tax Rate	26.90%	18.76%	27.35%	28.32%	27.96%	8.39%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.